Silver Wheaton profit falls due to lower metal prices
March 20 (Reuters) - Canada's Silver Wheaton Corp reported a 47 percent fall in quarterly profit, hurt by a decline in metal prices.
The company's net earnings fell to $93.9 million, or 26 cents a share, in the fourth quarter ended Dec. 31, from $177.7 million, or 50 cents, a year earlier.
Revenue fell 42 percent to $167.4 million.
The Vancouver-based company helps finance mining projects in exchange for the right to buy future silver production at a set price. (Reporting by Allison Martell in Toronto and Sneha Banerjee in Bangalore; Editing by Maju Samuel)
- Qatar adamant it will host 2022 World Cup despite doubts
- Argentina's Fernandez to meet billionaire investor Soros in New York
- New Jersey hiker killed by black bear: police
- Exclusive: Iran seeks give and take on Islamic State militants, nuclear program
- Islamic State urges attacks on U.S., French citizens, taunts Obama